Extreme Greed and Wealth Disparity: Facts, Stats, Orgs, and Resources

“Hoard food and it rots. Hoard money and you rot. Hoard power and the nation rots.”
— Chuck Palahniuk

“Wealth among traditional people is measured by having enough to give away.”
— Robin Wall Kimmerer

“If a man has an apartment stacked to the ceiling with newspapers, we call him crazy. If a woman has a trailer house full of cats, we call her nuts. But when people pathologically hoard so much cash that they impoverish the entire nation, we put them on the cover of Fortune magazine and pretend that they are role models.”
— Lester B. Pearson

 “Earth provides enough to satisfy every man’s need, but not every man’s greed.”
— Mahatma Gandhi

“He could end world hunger. Instead, he chooses to starve children.”
— A hand-made sign at a recent protest


Shocking Facts and Stats

  • In 2024, total billionaire wealth increased by $2 trillion (source), and some billionaires are on track to become trillionaires in coming years.  Over the last decade+, there has been a growing concentration of wealth at the very top, particularly among the top 1% (source).
  • Note: A billion is 1,000 times more than a million (i.e., it takes 1,000 millions to make a billion). And a trillion is 1,000 billions…
  • In 2023, the average CEO-to-worker pay ratio for S&P 500 companies was 268-to-1, meaning CEOs earned 268 times more than the average worker, a significant increase from the 1960s when the ratio was around 21-to-1. It would take more than five career lifetimes for workers to earn what CEOs receive in just one year. (source)
  • Billionaires often make the equivalent of many millions of dollars per hour in earnings (including stock investments).
  • While millionaires and billionaires’ wealth has skyrocketed in recent decades, and the cost of living (including housing cost) has gone up, the U.S. federal minimum wage has stayed at $7.25 per hour since 2009; that is now a poverty wage. A full-time minimum wage worker makes only about $15,000 per year, which was the federal poverty line in 2024. If that person has even one other person/child to support, they are living well below the poverty line and cannot meet their basic needs on that wage. (Some states have passed higher minimum wages. In California, the minimum wage is currently $16.50/hour, as of 2025. That is still not an adequate, living wage in California. Per MIT’s Living Wage Calculator, a single California adult with no one else in their household would need an average $18.66 per hour to meet their basic needs.)
  • In 2022, the living wage (the wage needed to meet basic budgetary needs, such as housing, food, childcare, and transportation, plus taxes) for one worker in a family of two full-time working adults and two children ranged between $18.75 and $40.16 per hour, for the lowest and highest cost U.S. counties, respectively. (source)
  • Billionaires contribute a million times more carbon (a greenhouse gas that causes global heating AKA climate change) to the atmosphere than the average person. 125 of the world’s richest billionaires invest so much money in polluting industries that they are responsible for emitting an average of 3 million tons of carbon a year. (source)
  • The use of private jets by ultra-wealthy people (even for very short trips) has increased substantially. And studies show that private jets emit 5-14 times more carbon dioxide per passenger than commercial airplanes. Some private aircraft models emit more carbon per hour than an average person produces in a year. (source)
  • While most ultra-wealthy people feel that their wealth is entirely or mostly “self-made,” in reality about 60 percent of billionaire wealth comes from one of three sources: inheritance, cronyism and corruption, or monopoly power (source). [I would guess that much of the rest of their wealth comes from legal but immoral exploitation of workers— via low, non-living wages and unsafe working conditions—and/or rampant extraction of natural resources, illegal tax evasion and/or insider trading, plus the investments and compounding interest that wealth affords, of course. And for a smaller set, their wealth could come primarily from their celebrity/fame, looks, talent, or smarts. But nobody “earns” billions or millions of dollars through only their “hard work” or their intellect.]
  • In 1975, 90% of Americans shared two-thirds of all income. As of 2023, the 90% got just 45% of all income, while the richest 10% hoard the rest. The wealthiest have extracted $79 trillion from working people since 1975. In 2023 alone, workers in the bottom 90% lost $3.9 trillion to the top 10%—that amount would have gone into the paychecks of working people if income disparity was at the more reasonable level it was at after WWII. (source)
  • Since the 1980s, due to regressive economic/financial/taxation/regulatory policies combined with sheer greed on the part of corporations and individuals, there has been a “reverse Robin Hood” redistribution of wealth: trillions of dollars taken from the least wealthy (the many) by the most wealthy (the few). This has turned much of the “middle class” into the “working poor” and caused much higher levels of homelessness, while the rich have become richer.
  • Wealth disparity (AKA the wealth gap, economic or income inequality, or the unequal distribution of wealth) in the U.S. is now greater (i.e., worse) than it’s been since 1928, right before the 1929 stock market crash and then bank runs, which triggered the Great Depression. (source)  [Current conditions and federal policies in 2025 are setting us up for another economic crash. We should be preparing for that.]
  • You can find more statistics, graphics, and reports on income and wealth inequality at Inequality.org.

We will also be publishing a companion post in the next few months: Generosity vs Greed: How the Super-Wealthy Could Be Super-Heroes.

 

Organizations 

Economic Policy / Political Groups:

Poverty Alleviation/Aid/Assistance:

Housing and Homelessness:

Labor Rights:

Affordable/Universal Healthcare:

Fair Finance and Consumer Protection:

Responsible Wealth / Shared Prosperity / Genuine Philanthropy:

  • The Giving Pledge
  • Lever for Change
  • Patriotic Millionaires
  • Resource Generation
  • Also read about: Trust-based philanthropy, No-Strings philanthropy, Open Call philanthropy, Community (AKA “community-led” or “community-based”) philanthropy, and Direct philanthropy or direct cash/direct giving approaches (a few direct giving orgs are listed in the Poverty Alleviation section, above).
  • We will be publishing a companion post in the next few months: Generosity vs Greed: How the Super-Wealthy Could Be Super-Heroes. Also, we offer strategic advising services to individuals, foundations, or philanthropic organizations who would like guidance in identifying important groups and programs to fund.

New Economics & Ecological Economics:

Universal Basic Income (UBI):

 

Related Media/Articles/Resources

Some people to follow online: Robert Reich, Rev. Dr. William Barber, Rev. Dr. Liz Theoharis, Elizabeth Warren, Alexandria Ocasio-Cortez (AOC), Bernie Sanders, Kate Raworth, Gabriel Zucman, Nick Hanauer, Jason Hickel, Wendell Potter, Rutger Bregman, Joseph Stiglitz, Claudia Sahm, Kathryn Ann Edwards, Ai-jen Poo, Mike Elk, Liz Shuler, Katie Porter, Matthias Schmelzer, Melinda French Gates, and Abigail Disney.

Related Posts:

Green Business, Corporate Social Responsibility, and Ethical Finance Resources

Fossil-Fuel Divestment and Future-Friendly Investments

NOTE: We’ll be publishing a companion post in the next few months: Generosity vs Greed: How the Super-Wealthy Could Be Super-Heroes. And we offer strategic advising services to individuals, foundations, or philanthropic organizations who would like guidance in identifying important groups and programs to fund.

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March 21, 2025

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